Last week’s scheduled economic reporting included readings on consumer prices, retail sales, and the University of Michigan’s preliminary Consumer Sentiment Index. Weekly readings on mortgage rates and jobless claims were also released. Consumer Price Growth Slows in August The Consumer Price Index reported that consumer prices grew by 0.30 percent in August as compared to July’s consumer price growth pace of 0.50 percent. Core consumer prices, which exclude … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 13, 2021
Last week’s economic reporting was limited due to the Labor Day holiday. Job openings were reported along with weekly readings on mortgage rates and jobless claims. July Job Openings Higher Than Expected The Labor Department reported record job openings for the fifth consecutive month in July. Economists said that the data used in the report lagged by a month and the readings were not impacted by the Delta variant of the Covid-19 virus. Job openings fell in construction, trade, … [Read more...]
What’s Ahead For Mortgage Rates This Week – September 7, 2021
Last week’s economic news included readings on home prices from Case-Shiller; readings on construction spending and pending home sales were also released. Weekly data on mortgage rates and jobless claims were also released. Case-Shiller Posts New Record for Home Price Growth in June U.S. home prices continued to gain at record levels in June according to S&P Case-Shiller Home Price Indices. The National Home Price Index rose from May’s seasonally adjusted annual reading of … [Read more...]
Case-Shiller: June Home Prices Higher
S&P Case Shiller Home Price Indices reported new record gains for home prices in June. The National Home Price Index rose by a seasonally-adjusted annual pace of 18.60 percent as compared to May’s home price increase rate of 16.80 percent. Home prices were 41 percent higher than they were during the 2006 housing boom; home price growth was driven by high demand for homes coupled with short supplies of homes for sale. 20-City Home Price Index Posts Month-to-Month Home Price Gain … [Read more...]
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